NASDAQ:GGR

Gogoro (GGR) Stock Forecast, Price & News

$3.05

0.00 (0.00%)

(As of 06/2/2023 ET)

Compare

Today's Range: $3.01
▼
$3.08
50-Day Range: $2.94
▼
$4.05
52-Week Range: $2.83
▼
$7.90

Volume: 185,263 shs
Average Volume: 163,434 shs
Market Capitalization: $439.41 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.87

Gogoro MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 92.3% Upside
$5.87 Price Target
Short Interest: Bearish
1.96% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.21
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.37 out of 5 stars

Business Services Sector

310th out of 337 stocks

Motor Vehicles & Car Bodies Industry

30th out of 32 stocks

3.0

Analyst's Opinion

Consensus Rating
Gogoro has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $5.87, Gogoro has a forecasted upside of 92.3% from its current price of $3.05.
Amount of Analyst Coverage
Gogoro has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
1.96% of the float of Gogoro has been sold short.
Short Interest Ratio / Days to Cover
Gogoro has a short interest ratio ("days to cover") of 17.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Gogoro has recently increased by 5.12%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Gogoro does not currently pay a dividend.
Dividend Growth
Gogoro does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GGR.

2.3

News and Social Media Coverage

News Sentiment
Gogoro has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Gogoro this week, compared to 1 article on an average week.
MarketBeat Follows
1 people have added Gogoro to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Gogoro insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.80% of the stock of Gogoro is held by insiders.
Percentage Held by Institutions
Only 10.30% of the stock of Gogoro is held by institutions.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Gogoro is -5.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Gogoro is -5.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Gogoro has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Gogoro (NASDAQ:GGR) Stock

Gogoro Inc. manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone. It also operates battery swapping infrastructure network for electric vehicles that can be deployed across the cities to provide portable power through battery vending machines. Gogoro Inc. has a strategic partnership with Foxconn Electronics Inc. The company was founded in 2011 and is based in Taoyuan City, Taiwan.

Receive GGR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Gogoro and its competitors with MarketBeat's FREE daily newsletter.

GGR Stock News Headlines

June 1, 2023 | finance.yahoo.com

Investors in Gogoro (NASDAQ:GGR) have unfortunately lost 48% over the last year

May 31, 2023 | finance.yahoo.com

Gogoro Announces Results of Annual General Meeting of Shareholders

June 4, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>

May 26, 2023 | msn.com

Gogoro: Domestic Dominance To Continue Fueling Near-Term Growth

May 24, 2023 | msn.com

Gogoro, Bikebank To Launch Smartscooters And Battery Swapping Across Eight Korean Cities

May 24, 2023 | msn.com

Gogoro expands partnership with Bikebank in Korea

May 24, 2023 | finance.yahoo.com

Gogoro Expands Partnership with Bikebank's New Dotstation Brand, Launching Smartscooters and Battery Swapping for Consumers in Eight Cities across Korea

May 14, 2023 | americanbankingnews.com

Gogoro (NASDAQ:GGR) Releases Quarterly Earnings Results

June 4, 2023 | Behind the Markets (Ad)

"Unknown laser company making HUGE profit from Russia-Ukraine War"

May 13, 2023 | americanbankingnews.com

Gogoro (NASDAQ:GGR) Price Target Cut to $6.30 by Analysts at Citigroup

May 13, 2023 | americanbankingnews.com

Financial Comparison: Gogoro (NASDAQ:GGR) versus Elio Motors (OTCMKTS:ELIO)

May 12, 2023 | msn.com

Gogoro Posts 16% Decline In Q1 Revenue, Dragged By Seasonally Lower Volume In Taiwan

May 11, 2023 | finance.yahoo.com

Gogoro Releases First Quarter 2023 Financial Results

May 10, 2023 | finance.yahoo.com

Gogoro to Hold Annual General Meeting on May 30, 2023

May 10, 2023 | americanbankingnews.com

Gogoro (GGR) to Release Quarterly Earnings on Thursday

May 5, 2023 | americanbankingnews.com

Gogoro (NASDAQ:GGR) vs. Vicinity Motor (NASDAQ:VEV) Critical Comparison

May 4, 2023 | benzinga.com

Gogoro Stock (NASDAQ:GGR), Dividends

April 27, 2023 | finance.yahoo.com

Gogoro to Announce First Quarter 2023 Financial Results on May 11th at 8 a.m. Eastern Time

April 27, 2023 | americanbankingnews.com

Analyzing Gogoro (NASDAQ:GGR) and Electrameccanica Vehicles (NASDAQ:SOLO)

April 25, 2023 | msn.com

Globe Group’s 917Ventures, Ayala Corp and Gogoro introduce new era of sustainable transport in the Philippines

April 24, 2023 | finance.yahoo.com

GLOBE GROUP'S 917VENTURES, AYALA CORP AND GOGORO INTRODUCE NEW ERA OF SUSTAINABLE TRANSPORT IN THE PHILIPPINES

April 18, 2023 | news.yahoo.com

Gogoro's battery swapping stations in Taiwan are now virtual power plants

April 18, 2023 | finance.yahoo.com

GOGORO AND ENEL X ACCELERATE TAIWAN'S ENERGY TRANSITION WITH INTEGRATION OF VIRTUAL POWER PLANT AND 2,500 BATTERY SWAPPING STATIONS ACROSS 1,000+ LOCATIONS

March 28, 2023 | finance.yahoo.com

Gogoro, Zomato and Kotak Mahindra Prime Partner in India to Accelerate Ownership of Electric Two-wheel Vehicles by Last Mile Delivery Partners

March 26, 2023 | americanbankingnews.com

Gogoro (GGR) & Its Rivals Head-To-Head Contrast

March 23, 2023 | americanbankingnews.com

Critical Survey: Gogoro (GGR) vs. Its Peers

March 21, 2023 | americanbankingnews.com

Gogoro (GGR) and Its Peers Head-To-Head Analysis

See More Headlines

GGR Price History

30 days | 90 days | 365 days | Advanced Chart

GGR Company Calendar

Last Earnings: 5/11/2023
Today: 6/04/2023
Next Earnings (Estimated): 8/10/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:GGR
CUSIP: N/A
CIK: 1886190
Web: www.gogoro.com
Phone: 886-3273-0900
Fax: N/A
Employees: 2,048
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $5.87
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $4.30
Forecasted Upside/Downside: +92.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.51)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-98,910,000.00
Net Margins: -32.04%
Pretax Margin: -25.84%
Return on Equity: -36.43%
Return on Assets: -12.07%

Debt

Debt-to-Equity Ratio: 1.13
Current Ratio: 1.39
Quick Ratio: 0.87

Sales & Book Value

Annual Sales: $382.83 million
Price / Sales: 1.15
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.85 per share
Price / Book: 1.65

Miscellaneous

Outstanding Shares: 144,070,000
Free Float: 137,152,000
Market Cap: $439.41 million
Optionable: Optionable
Beta: -0.01

Key Executives

Mr. Hok-Sum Luke (Age 51)
Founder, CEO & Chairman

Mr. Bruce Aitken (Age 52)
Chief Financial Officer

Mr. Pass Liao
Chief Operating Officer

Mr. Ming-I Peng (Age 53)
Chief Product Officer

Mr. Alan Pan
Chief Revenue Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

GGR Stock - Frequently Asked Questions

Should I buy or sell Gogoro stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Gogoro in the last year. There are currently 1 sell rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GGR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GGR, but not buy additional shares or sell existing shares.
View GGR analyst ratings or view top-rated stocks.
What is Gogoro's stock price forecast for 2023?: 2 equities research analysts have issued twelve-month price objectives for Gogoro's shares. Their GGR share price forecasts range from $4.30 to $7.00. On average, they anticipate the company's stock price to reach $5.87 in the next twelve months. This suggests a possible upside of 92.3% from the stock's current price.
View analysts price targets for GGR or view top-rated stocks among Wall Street analysts.
How have GGR shares performed in 2023?: Gogoro's stock was trading at $3.18 at the beginning of the year. Since then, GGR stock has decreased by 4.1% and is now trading at $3.05.
View the best growth stocks for 2023 here.
When is Gogoro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our GGR earnings forecast.
How were Gogoro's earnings last quarter?: Gogoro Inc. (NASDAQ:GGR) issued its quarterly earnings data on Thursday, May, 11th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $79.32 million for the quarter. Gogoro had a negative net margin of 32.04% and a negative trailing twelve-month return on equity of 36.43%.
What ETFs hold Gogoro's stock?: ETFs with the largest weight of Gogoro (NASDAQ:GGR) stock in their portfolio include Invesco WilderHill Clean Energy ETF (PBW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

What guidance has Gogoro issued on next quarter's earnings?: Gogoro updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $400.00 million-$450.00 million.
What is Gogoro's stock symbol?: Gogoro trades on the NASDAQ under the ticker symbol "GGR."
Who are Gogoro's major shareholders?: Gogoro's stock is owned by many different retail and institutional investors. Top institutional shareholders include Generation Investment Management LLP (5.90%), First Trust Advisors LP (1.02%), JPMorgan Chase & Co. (0.14%), Geode Capital Management LLC (0.11%), BlackRock Inc. (0.03%) and Bank of America Corp DE (0.03%).
How do I buy shares of Gogoro?: Shares of GGR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Gogoro's stock price today?: One share of GGR stock can currently be purchased for approximately $3.05.
How much money does Gogoro make?: Gogoro (NASDAQ:GGR) has a market capitalization of $439.41 million and generates $382.83 million in revenue each year. The company earns $-98,910,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis.
How many employees does Gogoro have?: The company employs 2,048 workers across the globe.
How can I contact Gogoro?: The official website for the company is www.gogoro.com. The company can be reached via phone at 886-3273-0900 or via email at ir@gogoro.com.

This page (NASDAQ:GGR) was last updated on 6/4/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial